Other Income

Quick Summary

Other Income records money earned outside regular sales invoices. It captures non-sales earnings so financial reports and profit and loss statements reflect complete business income.

What Is This Feature

What It Is

Other Income is a feature to record money earned outside regular sales invoices, income not linked to any client, product, or service billed through standard invoicing flow. It ensures all business earnings, including non-sales income, are captured and reflected in financial reports and P&L.

Examples of Other Income:

• Interest income earned on bank deposits.
• Rental income from property or equipment leasing.
• Discounts received from vendors (cash discounts on purchases).
• Miscellaneous or one-time earnings.

This feature must be enabled before use. It is disabled by default.

When To Use This Feature

When & Who

When it is used:

• When income is received without generating a client invoice.
• For one-time or irregular earnings outside the normal sales cycle.
• During accounting or tax preparation to ensure complete financial records.

Who uses it:

• Small business owners and shopkeepers tracking all income sources.
• Freelancers with occasional non-client earnings.
• Accountants maintaining complete books of accounts.

Step-by-Step Flow

Navigation Path

New Path:
Settings → Enable / Disable Features → Accounting Section → Other Income → Enable
Then accessible from: Dashboard → Swipe right to left → Other Income

Old Path:
Settings → Other Income setting → Enable
Then accessible from: Dashboard → Swipe right to left → Other Income

Optional Settings

Optional Sub-Feature

Payment Account: To record which cash or bank account received the income, the Payment Account feature must be enabled from Settings → Enable / Disable Features. Once enabled, a Payment Account field appears on the Other Income entry form.

Underlying Concept (Accounting / Logic / Calculation)

Concepts

Other Income vs. Sales Income: Sales income is generated from invoices raised to clients for products or services delivered. Other income is any earning that does not fit that definition and has no linked client, product, or invoice. Keeping these separate ensures clean financial reporting and accurate P&L statements.

Impact on Reports: Other Income entries reflect in Profit & Loss reports and overall dashboard financial summary. They are counted as revenue but appear under a separate income category so sales and non-sales income stay clearly distinguishable.

Alternate Terms